Airbus Struggles to Bounce Back from Software Glitch After Grounding Thousands of Planes
A major software glitch has grounded thousands of Airbus planes worldwide, prompting the French aircraft manufacturer to recall nearly half its global fleet for repairs. The problem was triggered by "intense solar radiation" that may have corrupted critical data used in flight controls.
The incident, which marked Airbus's largest recall in 55 years, coincided with a busy Thanksgiving weekend in the US and caused widespread disruptions among airlines such as Delta, United, and American. Despite efforts to quickly fix the issue, shares in Airbus plummeted on Monday after the company announced a separate quality problem affecting fuselage panels.
Airbus has said that about 6,000 of its A320 aircraft needed software or hardware fixes to resolve the problems. The majority of these have now been completed, leaving fewer than 100 planes still awaiting repairs. However, analysts estimate that up to 15% of affected planes may require a more complex hardware upgrade.
The quality issue with fuselage panels has raised concerns about the reliability and durability of Airbus's products. In response, the company claims it is taking a conservative approach to inspect all potentially affected aircraft and will only take further action on those deemed necessary.
While some airlines have completed software updates without incident, others are facing more complex fixes that could delay their return to service. The impact on UK airlines appears to be limited, with transport secretary Heidi Alexander hailing the swift resolution of the issue as a demonstration of high aviation safety standards globally.
Airbus's stock has seen significant volatility in recent days, with shares falling by up to 6% after Monday's announcement. Despite this, the company remains one of the largest and most successful aerospace manufacturers in the world, employing over 157,000 people worldwide.
A major software glitch has grounded thousands of Airbus planes worldwide, prompting the French aircraft manufacturer to recall nearly half its global fleet for repairs. The problem was triggered by "intense solar radiation" that may have corrupted critical data used in flight controls.
The incident, which marked Airbus's largest recall in 55 years, coincided with a busy Thanksgiving weekend in the US and caused widespread disruptions among airlines such as Delta, United, and American. Despite efforts to quickly fix the issue, shares in Airbus plummeted on Monday after the company announced a separate quality problem affecting fuselage panels.
Airbus has said that about 6,000 of its A320 aircraft needed software or hardware fixes to resolve the problems. The majority of these have now been completed, leaving fewer than 100 planes still awaiting repairs. However, analysts estimate that up to 15% of affected planes may require a more complex hardware upgrade.
The quality issue with fuselage panels has raised concerns about the reliability and durability of Airbus's products. In response, the company claims it is taking a conservative approach to inspect all potentially affected aircraft and will only take further action on those deemed necessary.
While some airlines have completed software updates without incident, others are facing more complex fixes that could delay their return to service. The impact on UK airlines appears to be limited, with transport secretary Heidi Alexander hailing the swift resolution of the issue as a demonstration of high aviation safety standards globally.
Airbus's stock has seen significant volatility in recent days, with shares falling by up to 6% after Monday's announcement. Despite this, the company remains one of the largest and most successful aerospace manufacturers in the world, employing over 157,000 people worldwide.